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Scholist Corp., a US based corporation, plans to make a payment of EUR 125,000 in six months. To hedge this position, the corporation plans to

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Scholist Corp., a US based corporation, plans to make a payment of EUR 125,000 in six months. To hedge this position, the corporation plans to purchase a call option contract for EUR 125,000 with a strike price of $1.20 and premium of $0.09. If the spot price in six months is $1.05/EUR, how much will the corporation pay in total? Submit your final answer in dollars rounded to two decimal places (Ex. \$0.00)

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